Since the end of the second round of elections, which determined the victory of Luiz Inácio Lula da Silva (PT) to the presidency, state-owned companies listed on the stock exchange have lost BRL 101,258 billion in market value, according to a TradeMap survey carried out by request of CNN Brasil Business 🇧🇷
Among the total lost in the period, R$ 21,710 billion occurred only this Thursday (10), when the Ibovespa closed down 3.35%, at 109,775.46 points, the biggest drop since September 2021.
At the time, the main stock market index even lost BRL 156.269 billion in market value🇧🇷 after a speech by president-elect Luiz Inácio Lula da Silva criticizing fiscal control policies sent stocks plummeting.
THE Petrobras is the company that concentrates the largest share of losses in the period, with a market value drop of R$ 81,456 since October 28th. It is followed by Eletrobras and Bank of Brazil which lost R$7,638 and R$7,105 billion, respectively.
THE electrobras had a positive variation since the end of the elections until yesterday, when it lost R$ 7,942 billion in market value, amid the bad mood of the financial agents.
Sabesp, a state-owned company in São Paulo, closed the previous day with a loss in market value of R$ 1,545, which contributed to the total decrease in the amount of R$ 2,816 since the end of the presidential election.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
